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Kentucky Yearlings: Final Average Down 9.9%

Thursday, 27th September 2007

The 15-day Keeneland September Yearling Sale in Kentucky concluded with the 2nd highest gross in its history: overall 3,799 lots sold for US$385,018,600 (down 3.7% on last year's record 3,556 sold for US$399,791,800). The final average of US$101,347 was down 9.9% (from last year's record US$112,427). And the final median of US$42,000 was down 6.7% (from last year's record US$45,000). Keeneland director of sales Geoffrey Russell summed up: "The September sale remains the world's barometer of the thoroughbred yearling market. This year's sale was exceptionally strong & its performance even more impressive than last year's record sale." This year, each session after Day-2 posted both gross receipts & average above last year's figures; but the overall figures were distorted because this year's initial 2 Select Sessions "failed to produce the fireworks that fueled the record-setting 2006 sale, as the 2007 top price declined from US $11.7million to US$3.7million" & the 2006 figures were boosted by the fact "6 horses sold for US$4.6 million or more, well beyond the US $3.7 million top price this year," noted thoroughbredtimes.com. Russell emphasised: "Buyers & consignors have commented throughout this year that the sale had a more enthusiastic feel to it than even last year. We agree, given the positive indicators we saw: keen competition among buyers into the last day of the sale, strong domestic interest, greater spending by the Europeans, active buying from pin-hookers & a good mix of horsemen from around the world."

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